{"id":35817,"date":"2024-11-13T09:02:08","date_gmt":"2024-11-13T09:02:08","guid":{"rendered":"https:\/\/gateway.ventures\/startupsnew\/verus-digital\/"},"modified":"2024-11-14T10:38:15","modified_gmt":"2024-11-14T10:38:15","slug":"verus-digital","status":"publish","type":"startupsnew","link":"https:\/\/gateway.ventures\/en\/startupsnew\/verus-digital\/","title":{"rendered":"Verus Digital"},"author":30,"featured_media":35842,"template":"","meta":[],"startup_status":[],"class_list":["post-35817","startupsnew","type-startupsnew","status-publish","has-post-thumbnail","hentry"],"acf":{"logo":35814,"show_stage":["Yes"],"stage":"Pre-Seed","show_niche":["Yes"],"niche":"DeepTech","closing_month_year":"December 2024","female_founder":"","location":"Darmstadt, GER","website":"https:\/\/verus.digital\/","demo_video_url":"https:\/\/youtu.be\/rWuy4j9d9_o","meet-up_lp_link":"","calendly_code":"https:\/\/gateway.ventures\/en\/events\/verus-digital\/","calendly_code_Kopie":"","oneline_description":"True 3D Digitalization.","description":"","problem":"Accurate 3D scans, capturing both geometry and color,\u00a0are essential\u00a0across various industries, especially\u00a0for museums, the art industry and forensics. However, the process is currently still highly manual, as an expert has to inspect the object in question and take manual measurements. This data is then converted into a corresponding model by IT technicians and 3D artists.\r\n\r\nThis manual effort is extremely cost-intensive and error-prone, which is why digital solutions and automation are urgently needed and are also high priced on the market.\r\n\r\n","solution":"Verus Digital has developed the world's first fully autonomous 3D system that is already inspiring customers from a wide range of industries: the integrated all-in-one solution based on hardware and AI enables high-resolution results and reduces labour costs by up to 80%. With Verus Digital's solution, cultural artefacts and forensic evidence can be quickly captured, analysed and documented for eternity. The technology behind Verus Digital has been developed over the last 6 years as a research project of the Fraunhofer Institute and the team has been spinning out this technology as an independent company for 2 years and has confirmed the proof of market.\r\n\r\n \r\n\r\n\"\"","market":"TAM: \u20ac4.3bn\r\n\r\nSAM: \u20ac1.2bn\r\n\r\nSOM: \u20ac50m\r\n\r\nKey Markets:<\/strong>\r\n
    \r\n \t
  1. Cultural Heritage Institutions:\r\n
      \r\n \t
    • Museums<\/li>\r\n \t
    • Libaries<\/li>\r\n \t
    • Archives<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t
    • Forensic Science:\r\n
        \r\n \t
      • BKA<\/li>\r\n \t
      • LKA<\/li>\r\n \t
      • Police Evidence Room<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ol>\r\nMarket Expansion Areas:<\/strong>\r\n
          \r\n \t
        • Private Collections<\/li>\r\n \t
        • Auction Houses<\/li>\r\n \t
        • Fine Art<\/li>\r\n \t
        • Web 3.0<\/li>\r\n \t
        • Entertainment<\/li>\r\n \t
        • E-Commerce<\/li>\r\n<\/ul>\r\nMarket Use<\/strong>\r\n\r\nDigital Transformation:<\/strong> Increasing need for accurate 3D models in our key markets - museums and forensics\r\n\r\nStrong Growth Outlook:<\/strong> Significant 3D scanning market growth projected over the next six years, driven by industry demand\r\n\r\nDigital Twin Potential:<\/strong> Rising interest in 3D printing with the potential to create the first 1-to-1 color copying solution\r\n\r\nVirtual & Entertainment Applications:<\/strong> High demand for realistic 3D models to power virtual worlds, such as the metaverse, and other immersive experiences.\r\n\r\n","usp":"
            \r\n \t
          1. Fully autonomous solution\r\n
              \r\n \t
            • The world's first autonomous 3D digitisation<\/li>\r\n \t
            • Adaptive planning for any objects<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t
            • Easy to use system\r\n
                \r\n \t
              • No specialised knowledge required, can be operated by one person<\/li>\r\n \t
              • Streamlined setup and operation for efficient, independent workflows<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t
              • High quality:\r\n
                  \r\n \t
                • Highest quality on the market worldwide thanks to intelligent \u2018capturing\u2019 and\u00a0high quality sensors and robotics<\/li>\r\n \t
                • Consistent results\u00a0following ISO standard 19264<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t
                • Two years technological lead:\r\n
                    \r\n \t
                  • Successfully tested in 4 major pilot projects with over 1000 objects scanned<\/li>\r\n \t
                  • Demonstrated reliability and precision through extensive, real-world testing<\/li>\r\n \t
                  • Fraunhofer network incl. strong technology competences<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ol>\r\n","business_model":"The business model combines high-margin system sales with recurring subscriptions and repeat customers. The core product is a 3D scanning system sold directly to organizations like museums, libraries, and forensic institutions. Each system sale includes an annual subscription for ongoing software updates, maintenance, and advanced features, with optional add-on modules available to expand functionality. This model fosters long-term customer relationships. In addition, Verus Digital offers high-quality Scanning-as-a-Service (SCaaS), aiming to establish framework contracts where clients allocate budgets for regular yearly projects. This approach builds a strong base of repeat customers and stable recurring revenue, enabling efficient scaling and increased profitability.","traction":"
                      \r\n \t
                    • 4 pilot projects<\/li>\r\n \t
                    • 10+ CultArm3D systems built<\/li>\r\n \t
                    • 1000+ 3D-scanned objects<\/li>\r\n \t
                    • Expected turnover 2024: \u20ac800,000<\/li>\r\n<\/ul>\r\n \r\n\r\n\"\"\r\n\r\n","exit_potential":"3D Systems<\/strong> has acquired a total of six companies in recent years, including dp polar GmbH, Kumovis GmbH, Additive Works, Allevi Inc, Volumetric Biotechnologies<\/strong> and Titan Robotics<\/strong>.\r\n\r\nStratasys<\/strong> has also made acquisitions and has taken over four companies in recent years: Origin, RPS, Xaar 3D<\/strong> and Covestro Additive Manufacturing Materials<\/strong>. However, no valuation figures were published for these acquisitions.\r\n\r\nAn example of an acquisition in the 3D sector with a multiple of 11x, an industry-standard range of 3-12x, is Protolabs\u2018 acquisition of 3D Hubs<\/strong> in 2021. The acquisition value was USD 280 million<\/strong>, with 3D Hubs\u2019 annual revenue in 2020 being around USD 25 million<\/strong> - corresponding to a revenue multiple of around 11.2x<\/strong>.\r\n\r\nThere was also the acquisition of Link3D<\/strong> by Materialise<\/strong> for USD 33 million<\/strong>, albeit without information on the multiplier.\r\n\r\n","nrofcoinvestors":1,"tm_1_name":"","tm_2_name":"","tm_3_name":"","tm_4_name":"","tm_1_position":"","tm_2_position":"","tm_3_position":"","tm_4_position":"","image_-_team_member_1":null,"image_-_team_member_2":null,"image_-_team_member_3":null,"image_-_team_member_4":null,"deal_link":"https:\/\/gateway.ventures\/d\/en\/investment-opportunities\/verus-digital","founder_group_image":null,"why_we_invested_in_this_startup":"","dealcaptain_opinion":"
                        \r\n \t
                      • Innovative Technology<\/strong>: Verus Digital\u2019s autonomous 3D scanning system, developed with Fraunhofer, automates high-quality digitization for sectors like museums and forensics, cutting labor costs by up to 80%.<\/li>\r\n \t
                      • Scalable Model<\/strong>: Combining system sales, subscriptions, and Scanning-as-a-Service, Verus Digital projects revenue growth from \u20ac44,152 in 2023 to \u20ac800,000 in 2024 and a positive planned EBIT of 50-100,000 \u20ac. The TAM amounts to EUR 4,3bn \u20ac.<\/li>\r\n \t
                      • Expanding Markets<\/strong>: As a first mover, Verus Digital is expanding into private collections, fine art, Web 3.0, and e-commerce, serving clients like EPFL Lausanne and Hessen State Police.<\/li>\r\n<\/ul>","stoop":"Yes","pb":"No","investment_terms":"Total Volume of the Round: \u20ac600k\r\n\r\nGateway Ticket: \u20ac350k\r\n\r\nRunway: min. 18 months\r\n\r\nTimeline: Dez\/24\r\n\r\nInvestment Type: Convertible Loan Agreement\r\n\r\nMin. Ticket: \u20ac10k\r\n\r\n","traction_image":null,"hide_socials":false},"yoast_head":"\nVerus Digital - Gateway Ventures<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gateway.ventures\/en\/startupsnew\/verus-digital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verus Digital - Gateway Ventures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gateway.ventures\/en\/startupsnew\/verus-digital\/\" \/>\n<meta property=\"og:site_name\" content=\"Gateway Ventures\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T10:38:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gateway.ventures\/wp-content\/uploads\/2024\/11\/Landing-Page.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gateway.ventures\/en\/startupsnew\/verus-digital\/\",\"url\":\"https:\/\/gateway.ventures\/en\/startupsnew\/verus-digital\/\",\"name\":\"Verus Digital - 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